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Col, if there was buyout interest in WM, there would be market interest in FARE...ZIP INTEREST at this point in time...$1M Market Cap!
WM is out of money that's obvious...I still think this could have huge potential but they need millions to market the MM.
This is still a very high risk investment....maybe they will get a significant contract down the road but many very disappointed inventors in the interim.
Weird WM....maybe someone knows something and this is not a fluke...let's hope so.
There must be value in 21 patents around the world or at least this is what I tell myself every time I buy shares...?
Hopefully, they have a 'Distributor Package' that has a minimum price of $25k to $100K plus...but without any communication who knows. Why haven't they spelled out what is the package price? Very weird!
It is very difficult introducing an innovative product, no matter how good it is.
It takes a very long time to introduce a new product/ market. This stock is not gong to explode for a long time...all the hype here is "NUTS".
yes, I doubt they sold many...it would be great if they sold $2,000 (20 units). This would be encouraging but not a breakout.
but I buy a little each month...ha, ha because I'm a risk taker and I'm curious what will happen.
I find there are few surprises in the stock market...if WM was going to be a big hit, major companies would be buying out WM and it would be all over the press.
Why is there no recent press on WM taking over the market?....I think some novice investors are just kidding themselves...this is a HIGH RISK INVESTMENT...IMO.
blind
my guess VM has severe financial problems...but if in fact they have sold some seed meters (maybe $1,000 or so in revenue) they may have a fighting chance to raise money.
With each meter costing maybe $100 wholesale...qty 10 meters would be $1,000
come on...start ups don't buy back stock.
If in fact VM get's a major meter contract they will certainly have a Billion Dollar Valuation. This is a very strange company...something weird is going on...?
It will be interesting to see how much of a pop we see in sp with revenue.
My guess it won't be as big as some expect. But, a gov't contract would have a major impact.
Yes, this is a pure risk investment. The only fact that matters is that at this time there is no reported sales. My guess is that we will see some small revenue and that will be great in the near term.
Col, I think you waste your time pumping VM to the 10 or so people on IHUB.
Too bad you don't head up VM marketing!
Update response received from WM.
Operationally, things are good. We have a number of operators testing Moto-Meter units in different parts of the world, putting them through rigorous testing. We are also fulfilling smaller orders and quoting on others. Interest in the Moto-Meter has increased by the numbers of inbound requests we are receiving for additional information. We think that the market is set to turn in our favor in a number of jurisdictions that are looking to regulate motorcycle taxi fares. That said, we have streamlined operations and are concentrated on marketing and sales. For example, an advertising campaign is being designed for both the Moto-Meter and HailYES (our ride hailing app), and we are going through some market testing on the ads before wider distribution.
Overall, the Company is well positioned in a great industry that will only increase in future. Here is a quote from our CEO about the industry (from our most recent PR):
"in addition to representing a market over 15 times larger than automobile taxis, motorcycle taxis are the lifestyle choice of billions, and mototaxi operators are the messengers, deliverers, and personal assistants to which everyone naturally turns. More so than the automobile taxis, this is the strategic segment which needs to be captured in order to become a global leader in local transport and commerce. And World Moto continues to be one of the only public companies actively pursuing this industry."
Thank you for contacting us. You are on our email list and so will receive future news updates (next filing in about three weeks).
IMO- Either you believe the market for meters is real or you don't. Either way, a very interesting opportunity.
WM can be a non-reporting OTC Pink Sheet indefinitely. Either Hold Them or Fold Them...that is the question.
IMHO- patents/ meter has value....a gamble for sure.
Yes, big mystery...it would be great if the reason HailYes is Dead and we may have moved out of Science Center is that we are being acquired by a large company....a nice DREAM. We should know in the next month to six months. Not a company to PUMP!
Quiet period seems to indicate a buyout is taking place...?
Reverse Splits never seem to work favorably unless done from a position of strength and growing sales. A RS now would be a disaster for Share Holders.
Hopefully, WM is smarter than this- however how much pressure to get the SP up.
A buyout may be the only hope for WM. I hope Col is correct.
yes, but the advantage of the meter is that it provides a certified fare for the ad-hoc rider. It will be interesting to see how this plays out and if WM can compete with Urber.
Very disappointing that HailYes is not working, this is a great way to demonstrate both the app and meter.
There is great wealth in Thailand...surprised they don't have a local financial resource.
I think it will be difficult for Urber to make payoffs since they have so much visibility.
Yes, you are correct. This is a high risk investment but maybe the 'mafia' will see a better way to make money with a little company than working with Urber. I'm long until this unfolds.
I've been to Thailand and married to a Thai woman, you are totally correct the 'Mafia' controls everything. Prob. same in India.
It's not the end of the world if they miss 10's...they still exist and are traded below OTC. Some very large companies like Heinz have never filed (as of several years ago...maybe they do now?)
Yes, I hope so- I'm long on WM
Yes, three years ago the 'meter' was really cool. Hopefully, the meter can compete in some parts of the world where gov'ts want direct control of fares and doesn't like the Ubers. A crap shoot.
It's too bad they couldn't execute on 10K. A company I worked for had a similar situation with the CFO quitting before 10's - the CEO wanted to book fake revenues...the CFO didn't want jail time.
It's telling that no large Investment Bankers are backing WM. If there is a huge market for meters,they would be knocking at door.
I like the HailYes and meter technology but concerned that Urber dominates the market and the iphone has most all the features of a meter.
This may be just a wish-fill emotional investment for bag holders.
A High Risk Investment at this time.
Both times companies eventually went out business. There is obviously something wrong here! We may find out at some point.
From my experience it normally takes about 3-4 months to start over with a new CFO and release 10Ks. I've experience this several times
I'm optimistic long term (as a high risk investment) but realistic. I think there will be buying opportunities here.
Agreed, it seems with their limited resources they are focused on motor meter sales....no doubt a high risk investment at this time. I'm a risk taker so I like the potential...but I don't like pumpers who might influence the uninformed!
Wheelies- What a waste of resources!
Received an email from Patrick today regarding HailYes...
"We will have an update on HailYES and our advertising/marketing plans in the near future. Our resources are being focussed primarily on getting the 10KSB filed and to our Moto-Meter customers; current and potential."
I commend WM on being responsive. I will pick up some more shares.
Col, I've been long for a long time too, but it's way to early to pump WM.
They have some serious issues:
> Lack of funding
> CFO gone
> 10K late
> HailYes inop after a year of announcement
> No marketing
> No major contracts
> Etc.
I 'HOPE' WM succeeds, but at this time a BIG RISK
I'm long but realistic, getting gov't approvals may take years. HailYes could be a way to gain some early momentum. Semms like a bust so far.
Personally, I think the company is financially desperate and the CFO leaving doesn't bode well for company.
Suggest extreme caution here.
Col,
It's surprising to me that there is no newspaper reports out of Thailand about about HailYes. I would think this would be very newsworthy. Your optimism may be premature.
I think the key is how many people are actually using HailYes and the activity in Thailand. Anyone from Thailand here who knows how well it's going?